2016-10-20T13:39:51-05:00 2015-12-31 954091474 ROSSI LLP 400 Oceangate Suite 1000 Long Beach CA 90802 990 2015-01-01 202820261 South Central Scholars Foundation SOUT 3108331670 1414 S Grand Ave Suite 410 Los Angeles CA 90015 JAMES T LONDON MD EXECUTIVE DIRECTOR 3108331670 2016-10-18 1 Lewis Finkelstein CPA P00132333 5624953325 2015 2017-02-10 21:41:12Z X JOEY SHANAHAN 1414 S Grand Ave Suite 410 Los Angeles CA 90015 2000702 0 X WWW.SOUTHCENTRALSCHOLARS.ORG X 2005 CA SEE PAGE II, PART III, LINE I 25 25 13 200 0 0 1757699 1990988 0 0 27316 9714 0 0 1785015 2000702 656892 773956 0 0 381275 519459 0 0 128216 562238 636020 1600405 1929435 184610 71267 1654203 1722973 20700 26924 1633503 1696049 X The mission of South Central Scholars is to help highly motivated, underserved students break the cycle of marginalization and reach success in college, career, and beyond. 0 0 1660430 773956 THE ORGANIZATION PROVIDES COLLEGE ACCESS AND SUCCESS SUPPORTTO LOW-INCOME STUDENTS FROM INNER CITY COMMUNITIES IN LOSANGELES. PROGRAMS INCLUDE COLLEGE OUTREACH, SCHOLARSHIPS,MENTORING, JOB AND INTERNSHIP PLACEMENT, AND PROFESSIONAL/ACADEMICDEVELOPMENTS WORKSHOPS AND SEMINARS.THE ORGANIZATION'S SCHOLARSHIPS ARE INTENDED TO CLOSE SHORTFALLSBETWEEN THE AMOUNT OF MONEY OFFERED IN THE FINANCIAL PACKAGE FROMA UNIVERSITY (GRANTS, LOANS, AND WORK STUDY) AND THE ACTUAL COSTOF A STUDENT'S COLLEGE EDUCATION. IN SOME CASES, THESE SHORTFALLSWOULD PREVENT STUDENTS FROM ATTENDING COLLEGE ALTOGETHER.SCHOLARSHIPS RANGE BETWEEN $1,000 TO $3,000 PER SCHOLAR, AND ARERENEWABLE FOR UP TO 6 YEARS. SCS HAS AN ADDITIONAL BUDGET FOR STIPENDS TO STUDENTS TO PARTICIPATE FOR THE FOLLOWING USES:AIRFARE AND TRAVEL EXPENSES,INTERNSHIP STIPENDS, STUDY ABROAD STIPENDS,AND GRADUATE SCHOOL PREPARATION CLASSES AND TEST FEES (MCAT, LSAT, GRE, ETC.). 1660430 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JOEY SHANAHAN 3108331670 1414 S GRAND AVE SUITE 410 LOS ANGELES CA 90015 JAMES T LONDON MD BOARD MEMBER 10.00 X X 0 0 0 PAUL BLAVIN BOARD MEMBER 2.00 X 0 0 0 WILLIAM O MCCLURE BOARD MEMBER 2.00 X 0 0 0 JEFF WEISS BOARD MEMBER 2.00 X 0 0 0 ROB VICKERY BOARD MEMBER 2.00 X 0 0 0 JASON REDNOUR BOARD MEMBER 2.00 X 0 0 0 PHYLLIS MONROE BOARD MEMBER 2.00 X 0 0 0 KARI VAN GUNDY BOARD MEMBER 2.00 X 0 0 0 MICHAEL QUICK BOARD MEMBER 2.00 X 0 0 0 ALEXANDER RUBALCAVA BOARD MEMBER 2.00 X 0 0 0 DOUG WOODRUFF BOARD MEMBER 2.00 X 0 0 0 CASSANDRA ROY BOARD MEMBER 2.00 X 0 0 0 ZELDA HARRISON BOARD MEMBER 2.00 X 0 0 0 BRIAN MASSEY CHAIRMAN 10.00 X X 0 0 0 STUART LINER BOARD MEMBER 2.00 X 0 0 0 SAMUEL GARRISON BOARD MEMBER 2.00 X 0 0 0 RAMSEY JAY JR BOARD MEMBER 2.00 X 0 0 0 GAYLE HOLCOMB BOARD MEMBER 2.00 X 0 0 0 JOAN HERMAN BOARD MEMBER 2.00 X 0 0 0 BRIAN DEPERSIA BOARD MEMBER 2.00 X 0 0 0 ROBERT FUNARI BOARD MEMBER 2.00 X 0 0 0 PATRICIA LONDON BOARD MEMBER 10.00 X 0 0 0 MASAI MINTERS BOARD MEMBER 2.00 X 0 0 0 RICK HESS BOARD MEMBER 2.00 X 0 0 0 SCOTT ROMBACH BOARD MEMBER 2.00 X 0 0 0 JOEY SHANAHAN EXECUTIVE DIRECTOR 40.00 X 132000 0 9432 132000 0 9432 1 0 0 0 0 1990988 1990988 1018 1018 8696 8696 2000702 0 0 9714 773956 773956 132000 91080 19800 21120 359924 249193 54297 56434 27535 18321 5038 4176 18284 18284 35774 3909 31865 26027 13014 9109 3904 39907 23944 9977 5986 15003 15003 719 719 40057 24224 14338 1495 STUDENT CONFERENCES 438686 438686 DATABASE MAINTENANCE 20474 12284 5119 3071 OTHER FEES 1089 725 199 165 1929435 1660430 140789 128216 1061633 902548 45729 51899 12500 126170 5381 13493 10236 813 3257 525183 636135 2964 2964 1654203 1722973 20700 26924 20700 26924 X 1433503 1169174 200000 526875 1633503 1696049 1654203 1722973 71267 -8721 0 X 0 1 X 1 0 X 938668 1268075 1436037 1757699 1990988 7391467 938668 1268075 1436037 1757699 1990988 7391467 2828588 4562879 12744 14077 23712 14535 9714 74782 7466249 0.61110 0.58790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13493 10236 3257 3257 X 2001119 -8721 9138 417 2000702 0 2000702 1938573 9138 9138 1929435 0 1929435 Part X, Line 2: The Organization is a not-for-profit organization that is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is also exempt from State of California franchise taxes under Section 23701(d) of the California Revenue and Taxation Code, whereby only unrelated business income, as defined by Section 509(a)(1) of the Internal Revenue Code, is subject to federal income tax. The Organization does not believe that during the years ended December 31, 2015 and 2014 that it had unrelated business income and accordingly, no provision for income taxes has been recorded in the accompanying financial statements. The Organization follows the provisions of FASB ASC 740, Income Taxes and related subsections. Accordingly, the Organization accounts for uncertain tax positions by recording a liability for unrecognized tax benefits resulting from uncertain tax positions taken, or expected to be taken, in its tax returns. The Organization recognizes the effect of income tax positions only if those positions are more likely than not of being sustained by the appropriate taxing authorities. The Organization does not believe that its financial statements include any uncertain tax positions and accordingly, has not recognized any liability for unrecognized tax benefits in the accompanying financial statements. 1 TUITION EXPENSE SCHOLARSHIP PROGRAM 500 773956 FMV N/A Part I, Line 2: SCHEDULE I, PART 1, LINE 2 SCHEDULE I, PART I, LINE 2 SCHOLARS SUBMIT THEIR FINANCIAL AID AWARD LETTERS AND ANY OTHER EXTERNAL SCHOLARSHIPS TO THE ORGANIZATION, WHICH THE ORGNIZATION USES TO CALCULATE STUDENTS FINANCIAL NEED. SCHOLARS SIGN A CONTRACT THAT TELLS THEM WHAT THEY CAN USE THEIR SCHOLARSHIP FOR. Form 990, Part VI, Section A, line 2 JAMES AND PATRICIA LONDON ARE MARRIED AND ARE BOTH ON THE BOARD OF DIRECTORS. DAVID AND EVELYN HOU ARE MARRIED AND ARE BOTH ON THE ADVISORY BOARD. Form 990, Part VI, Section B, line 11 THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. Form 990, Part VI, Section B, line 12c The governing board of directors reviews compliance annually. Form 990, Part VI, Section B, line 15 A THOROUGH REVIEW OF COMPARABLE SALARY INFORMATION (NONPROFIT SALARY SURVEYS, ONLINE DATA, INDEPENDENT CONSULTANT, EMPLOYMENT JOB BOARDS, ETC. ) IS MADE BY THE EXECUTIVE COMMITTEE PRIOR TO SETTING A COMPENSATION RANGE FOR EACH POSITION. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.